RBL Bank
RBL Insignia Preferred Credit Card
This is an invite only card
Apply and get ₹800 Rewards
Top Benefits
Earn 10 Reward Points
on every ₹100 spent on international transactions
Unlock a ₹8,000 Milestone Voucher
choose from Amazon, Myntra, Croma, MakeMyTrip, Taj Experiences
Best For
Shopping
Dining
Travel
The RBL Insignia Preferred Credit Card is a premium financial product crafted for high net worth indivi...
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The RBL Insignia Preferred Credit Card is a premium financial product crafted for high net worth indivi...
The RBL Insignia Preferred Credit Card is a premium financial product crafted for high net worth individuals, frequent international travelers, and entertainment enthusiasts. Standing out in a crowded market, this card offers an exceptional 0 percent forex markup on international transactions. If you frequently travel abroad or make significant purchases in foreign currencies, this feature alone saves you thousands of rupees annually compared to standard credit cards.
Beyond international spending, the card offers an impressive rewards structure, granting you 5 reward points for every Rs. 100 spent domestically and a massive 10 reward points for every Rs. 100 spent internationally. Whether you are paying for hotel stays in Europe or shopping online at home, your spending translates directly into high-value returns. Coupled with top-tier lifestyle perks like complimentary airport lounge access and substantial BookMyShow discounts, this card is built for those who want to maximize the value of their premium lifestyle.
View FAQ
Commonly Asked Questions
Is the RBL Insignia Preferred Credit Card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 0, but carries an annual renewal fee of Rs. 7,000 from the second year onwards.
Who should apply for this card?
This card is perfect for frequent international travelers, high-spenders, and movie enthusiasts. The 0 percent forex markup makes it an absolute must-have for anyone spending heavily in foreign currencies.
Is this a good first card for building credit?
This is a premium credit card requiring a strong credit score of at least 720 and a stable income. It is better suited for individuals who already have an established credit history rather than absolute beginners.
What makes this different from other premium cards?
The combination of 0 percent foreign exchange markup, up to 10 reward points on international spends, and a high-value movie discount of Rs. 500 twice a month sets it apart from competitors in the premium segment.
Expert Review
As a credit card expert reviewing the premium landscape, the RBL Insignia Preferred Credit Card stands out as a specialized powerhouse. The sheer value of the 0 percent forex markup cannot be overstated. When I evaluate cards for frequent flyers, forex fees eat into reward returns heavily. By entirely eliminating this fee and offering 10 reward points per Rs. 100 spent internationally, RBL has created one of the most profitable cards for global travelers in the Indian market. The BookMyShow benefit of Rs. 1,000 monthly is just the icing on the cake.
However, the card is not without its flaws. The annual fee of Rs. 7,000 is high, and the waiver threshold of Rs. 10 Lakhs is demanding. If your lifestyle doesn't support an Rs. 83,000 monthly average spend, the fee remains significant. My verdict? If you travel internationally at least twice a year and run a high-spending household, the savings on forex and movie tickets will effortlessly cover the annual fee, making this card a fantastic addition to your wallet. If you are a purely domestic, budget-conscious spender, look elsewhere.
Joining / Annual Fee
Joining Fees
₹0 ( ₹0 + GST )
Annual Fees
₹8,260 ( ₹7000 + GST )
Understanding the cost of holding this premium card is essential to maximizing its value. The RBL Insig...
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Understanding the cost of holding this premium card is essential to maximizing its value. The RBL Insig...
Understanding the cost of holding this premium card is essential to maximizing its value. The RBL Insignia Preferred Credit Card features an attractive entry point with a joining fee of Rs. 0. This means you do not pay a hefty upfront cost just to acquire the card. However, to maintain the premium benefits, there is an annual renewal fee of Rs. 7,000 that applies from the second year onward.
The bank provides a clear path to waive this annual fee. If you spend Rs. 10 Lakhs or more in a membership year, the Rs. 7,000 annual fee for the subsequent year is completely waived. To put this in perspective, you would need to spend roughly Rs. 83,333 per month on the card to reach the Rs. 10 Lakhs target. If you channel your household expenses, travel bookings, and utility bills through this card, hitting this waiver threshold is highly realistic for the target demographic.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The upfront joining fee for the RBL Insignia Preferred Credit Card is Rs. 0. You do not pay an initial issuance fee.
What is the annual or renewal fee?
From the second year onwards, the card carries an annual renewal fee of Rs. 7,000 plus applicable taxes.
Is there an annual fee waiver option?
Yes, the Rs. 7,000 annual fee is waived if you meet the Rs. 10 Lakh annual spending requirement.
What is the spending requirement for the annual fee waiver?
You must spend Rs. 10 Lakhs or more in a membership year on your card to get the next year's annual fee waived.
How much do I need to spend monthly to hit the waiver target?
To reach the Rs. 10 Lakhs annual target, you need an average monthly spend of approximately Rs. 83,333.
Do EMI transactions count toward the fee waiver milestone?
EMI conversions and cash advances are excluded from the annual spend calculation for the fee waiver.
If I miss the waiver target, when is the fee charged?
If you spend less than Rs. 10 Lakhs, the Rs. 7,000 fee will be charged to your card statement at the start of your new card anniversary year.
Does the welcome bonus offset the first year's fee?
While the joining fee is Rs. 0, the 28,000 bonus points (worth Rs. 7,000) provided upon activation perfectly offset the cost of the first year's annual fee.
Are taxes included in the Rs. 7,000 annual fee?
No, the Rs. 7,000 annual fee is exclusive of GST. You will have to pay the prevailing 18 percent GST on the fee amount.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Before you apply for the RBL Insignia Preferred Credit Card, you must ensure you meet the strict eligib...
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Before you apply for the RBL Insignia Preferred Credit Card, you must ensure you meet the strict eligib...
Before you apply for the RBL Insignia Preferred Credit Card, you must ensure you meet the strict eligibility parameters set by the bank. This card caters to both salaried individuals and self-employed professionals. The primary applicant must be at least 21 years old and not older than 60 years at the time of application.
A solid financial standing is mandatory. Whether you are salaried or self-employed, you need to demonstrate a minimum annual income of Rs. 3 Lakhs. This breaks down to a required monthly income of Rs. 25,000. Additionally, the bank requires a strong credit history. You must have a CRIF or CIBIL credit score of at least 720. Meeting this score shows the bank that you have a reliable track record of managing and repaying credit, which is crucial for approval on a premium product like this.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old to be eligible for the RBL Insignia Preferred Credit Card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 60 years at the time of application.
What is the minimum monthly income required for salaried applicants?
Salaried individuals must have a minimum monthly income of Rs. 25,000, which equals Rs. 3 Lakhs annually.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must also demonstrate a minimum annual income of Rs. 3 Lakhs to qualify.
Can self-employed individuals apply for this card?
Yes, both salaried employees and self-employed individuals are fully eligible to apply for this credit card if they meet the income criteria.
What credit score is needed for approval?
You need a minimum CRIF or CIBIL credit score of 720 to be considered for approval.
Will my application be rejected if my credit score is below 720?
Yes, a score below 720 leads to application rejection, as premium cards strictly require a strong credit history.
Do I need an existing relationship with RBL Bank to apply?
An existing account is not mandatory, though a healthy banking history with RBL improves your approval odds.
Can NRIs apply for this credit card?
NRIs are eligible to apply by providing valid NRE/NRO account details and proof of overseas income to meet the premium document requirements.
Is there an income requirement for add-on cards?
Add-on cardholders do not need to show independent income, but they must be direct family members above 18 years of age.
All Card Benefits
- Earn 5 reward points per ₹100 on domestic spends
- Earn 10 reward points per ₹100 on international spends
- 2 domestic lounge visits per quarter + 6 international visits per year (with spend-based extra visit
- Flat ₹500 off on movie tickets twice per month via BookMyShow
- 25%–50% dining discount with 1+1 buffet offers via EazyDiner Prime
Welcome Benefits
Stepping into the RBL Insignia Preferred membership comes with a highly rewarding w...
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Welcome Benefits Stepping into the RBL Insignia Preferred membership comes with a highly rewarding w...
Welcome Benefits
Stepping into the RBL Insignia Preferred membership comes with a highly rewarding welcome package. Upon paying the annual fee and using your card within the first 30 days of issuance, you receive 28,000 bonus reward points. With the standard redemption value of Rs. 0.25 per point, these 28,000 points translate to a clear value of Rs. 7,000. This effectively neutralizes your annual fee cost right from the start. The bank credits these bonus points to your account within 60 days of card issuance, giving you a massive boost to your rewards balance immediately.
Reward Points Structure
The rewards program on this card is straightforward and highly lucrative, especially for international spenders. You earn 5 reward points for every Rs. 100 spent on domestic transactions. When you travel abroad or shop on international websites, the earning rate doubles to 10 reward points for every Rs. 100 spent. Each reward point holds a value of Rs. 0.25.
For example, if you spend Rs. 40,000 on flight bookings within India, you earn 2,000 reward points (worth Rs. 500). However, if you spend Rs. 40,000 at a hotel in Dubai, you earn 4,000 reward points (worth Rs. 1,000). This provides an effective return rate of 1.25 percent on domestic spends and 2.5 percent on international spends, making it highly rewarding for your daily and travel expenses.
Movie and Entertainment Perks
For movie buffs, this card provides spectacular value. You get a flat Rs. 500 discount on movie tickets at BookMyShow, available twice a month. This means you can save up to Rs. 1,000 every single month just on entertainment. Over a year, this benefit alone saves you Rs. 12,000. If you book two tickets worth Rs. 800, applying this offer instantly drops your final payable amount to just Rs. 300. It is an effortless way to upgrade your weekend plans without stretching your budget.
Airport Lounge Access
Travel in comfort with excellent airport lounge benefits. The card offers 2 complimentary domestic lounge visits per calendar quarter, totaling 8 visits a year. Furthermore, international travelers enjoy 6 complimentary lounge visits outside India per calendar year. A standout feature is the spend-based bonus: if your monthly spends exceed Rs. 1,000,000, you earn an extra international lounge visit. Uniquely, you can share these extra visits with your guests, a rare perk that makes traveling with family or colleagues much more enjoyable.
Dining Benefits
Dining out is highly rewarding with the RBL Insignia Preferred Credit Card. It comes with dining privileges powered by EazyDiner Prime. This allows you to secure guaranteed discounts at premium restaurants across the country. Whether you are hosting a business lunch or enjoying a family dinner, the EazyDiner Prime benefits ensure you pay significantly less for top-tier culinary experiences.
Fuel Surcharge Waiver
To help reduce your everyday commuting costs, the card provides a 1 percent fuel surcharge waiver. This waiver applies to all fuel transactions ranging between Rs. 500 and Rs. 4,000 at any petrol pump across India. If you refuel for Rs. 3,000, you save Rs. 30 instantly on the surcharge. Over a year of regular driving, this accumulates into noticeable savings.
Annual Milestone Benefits
High spenders are handsomely rewarded for making this their primary card. When you achieve eligible spends of Rs. 8,00,000 in a membership year, you receive a milestone voucher worth Rs. 8,000. This is an additional 1 percent return on your spending. If you run a business or have heavy household expenses and reach this milestone, the Rs. 8,000 voucher serves as an excellent bonus on top of your regular reward points.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
To qualify for the 28,000 bonus reward points, you must make a minimum transaction of Rs. 100 within 30 days of card activation and pay your annual fee.
When will I receive the welcome benefit after card activation?
The 28,000 bonus reward points are credited to your rewards account within 60 days of the card issuance date, provided you have met the usage criteria.
Is there a minimum transaction amount for the welcome bonus?
Yes, you need to make a minimum transaction of Rs. 100 within the first 30 days to activate the card and become eligible for the welcome rewards.
What is the exact monetary value of the welcome benefit?
Since each reward point is valued at Rs. 0.25, the 28,000 bonus points give you a total value of Rs. 7,000, perfectly offsetting the card's annual fee.
What is the standard reward rate on this card?
You earn 5 reward points per Rs. 100 on domestic spends and 10 reward points per Rs. 100 on international spends. This gives you a 1.25 percent to 2.5 percent return rate.
How many reward points do I earn per Rs. 500 spent domestically?
For every Rs. 500 spent on eligible domestic transactions, you will earn 25 reward points. These points hold a value of Rs. 6.25.
What is the value of 1 reward point in rupees?
Each reward point on the RBL Insignia Preferred Credit Card is valued at exactly Rs. 0.25. Therefore, 4 points equal Rs. 1.
Which transactions are excluded from earning reward points?
Transactions related to fuel, rent, wallet loads, and utility payments are excluded from the rewards program.
Do I earn points on fuel purchases?
Fuel transactions do not earn reward points as they are eligible for a 1% surcharge waiver instead.
Do I earn points on rent payments?
Rent payments do not qualify for reward points and incur a 1 percent convenience fee per transaction.
Do I earn points on utility bill payments?
Utility bill payments are excluded from reward point earnings to align with standard category restrictions.
Are there any bonus reward points for annual spending milestones?
While you do not get bonus points, you do unlock a Rs. 8,000 milestone voucher when you reach Rs. 8,00,000 in eligible spends in a membership year.
How can I redeem my reward points?
You can easily redeem your points for gift vouchers, travel bookings, lifestyle products, and partner brand vouchers through the official RBL rewards portal.
What redemption portal do I use?
You must visit the dedicated rewards portal at www.rblrewards.com to browse the catalogue and process your redemptions.
Is there a minimum point balance required for redemption?
You can begin redeeming your rewards once you have accumulated a minimum of 1,000 reward points.
Is there a fee for redeeming my reward points?
No, there is absolutely no fee charged when you redeem your reward points on this card. The redemption process is completely free.
Do my reward points expire?
Reward points remain valid for 24 months from the date of accumulation, after which they expire if not redeemed.
Can I transfer my reward points to airline miles?
Points can be transferred to partner airline frequent flyer programs at a standard ratio of 5:1 through the rewards portal.
What happens to my points if I cancel the card?
All unredeemed reward points are forfeited when you close your credit card account. Always redeem your points before initiating cancellation.
How much discount do I get on movie tickets?
You receive a flat discount of Rs. 500 on movie ticket bookings made through BookMyShow.
How many times a month can I use the movie discount?
You can use this BookMyShow discount up to twice a month, allowing for a maximum monthly savings of Rs. 1,000.
Do I get this discount on all ticketing platforms?
No, this flat Rs. 500 discount is exclusively available when booking tickets through the BookMyShow platform.
Is there a minimum ticket purchase required for the discount?
A minimum purchase of two movie tickets is required in a single transaction to trigger the Rs. 500 discount.
Can I carry forward unused movie discounts to the next month?
No, the twice-a-month quota resets at the beginning of each month. Unused discounts do not roll over to the subsequent month.
How many domestic lounge visits do I get?
You receive 2 complimentary domestic airport lounge visits per calendar quarter, adding up to 8 visits annually.
Does this card offer international lounge access?
Yes, you are entitled to 6 complimentary international airport lounge visits outside India per calendar year.
How do I earn extra lounge visits?
You earn an extra international lounge visit if your monthly spends on the card exceed Rs. 1,000,000.
Can I bring a guest to the airport lounge for free?
Yes, the extra international lounge visits earned by crossing the Rs. 1,000,000 monthly spend threshold can be shared with your guests.
Do I need a separate Priority Pass for international lounges?
International lounge access is provided through a complimentary Priority Pass membership which is issued along with your card.
What dining benefits come with this card?
The card offers premium dining privileges powered by EazyDiner Prime, giving you access to exclusive discounts at top restaurants.
Do I get a complimentary EazyDiner Prime membership?
The card includes a complimentary 12-month EazyDiner Prime membership which you can activate through the RBL MyCard mobile application.
How much can I save on dining bills?
EazyDiner Prime offers guaranteed discounts of 25 percent to 50 percent at partner restaurants, ensuring significant savings on your total bill.
Is the dining discount applicable on alcohol?
Discounts apply to food and soft beverages, while discounts on alcoholic drinks depend strictly on individual restaurant policy.
What is the fuel surcharge waiver on this card?
You receive a 1 percent waiver on the fuel surcharge for transactions made at any petrol pump in India.
What is the minimum transaction required for the fuel waiver?
Your fuel transaction must be at least Rs. 500 to qualify for the 1 percent surcharge waiver.
Is there a maximum limit for fuel transactions to get the waiver?
Yes, the waiver is only applicable on fuel transactions up to a maximum of Rs. 4,000 per swipe.
What is the maximum monthly waiver amount I can earn?
The fuel surcharge waiver is capped at a maximum of Rs. 250 per billing cycle.
What do I get for hitting the annual spending milestone?
You unlock a milestone voucher worth Rs. 8,00,000 when you reach the required annual spending threshold.
How much do I need to spend to get the milestone voucher?
You need to accumulate eligible spends of Rs. 8,00,000 in a single membership year to earn the Rs. 8,000 voucher.
Are all transactions counted toward the milestone spend?
Fees, cash advances, and EMI conversions are excluded from milestone spending calculations.
How will I receive the milestone voucher?
The bank sends your milestone voucher via email or SMS within 30 days of you meeting the spending criteria.
Can I exchange the milestone voucher for cash?
No, milestone vouchers cannot be exchanged for cash or statement credit. They must be redeemed according to the voucher's specific terms.
Milestone Benefits
Voucher Benefit(Worth ~ ₹8,000)
Spend ₹8,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
- Gift Vouchers
- travel & Lifestyle
- Partner Brand Vouchers
To check redemption catalogue
Redeeming the rewards you accumulate on the RBL Insignia Preferred Credit Card is a smooth and fully di...
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Redeeming the rewards you accumulate on the RBL Insignia Preferred Credit Card is a smooth and fully di...
Redeeming the rewards you accumulate on the RBL Insignia Preferred Credit Card is a smooth and fully digital process. The bank operates a dedicated portal, www.rblrewards.com, designed exclusively for cardholders. To start, log into this portal using your credit card credentials. Once inside, you can view your total accumulated points and browse a comprehensive catalogue of redemption options.
The redemption categories are vast, covering Gift Vouchers, Travel, Lifestyle products, and Partner Brand Vouchers. Importantly, each reward point holds a solid value of Rs. 0.25. For example, if you have accumulated 10,000 reward points from your international travels, they are worth Rs. 2,500. You can instantly redeem these points for a Rs. 2,500 Amazon voucher or use them to discount your next flight booking on the portal. The best part is that there are no redemption fees charged by the bank, ensuring you get 100 percent of your earned value.
View FAQ
Commonly Asked Questions
Where do I go to redeem my reward points?
You must visit the official rewards website at www.rblrewards.com to view and redeem your accumulated points.
What options are available for redemption?
You can choose from a variety of options including Gift Vouchers, Travel bookings, Lifestyle items, and Partner Brand Vouchers.
What is the rupee value of my reward points?
Every 1 Reward Point is equal to Rs. 0.25. If you redeem 4,000 points, you get Rs. 1,000 in value.
Can I use my points to pay my credit card bill?
Reward points are redeemable for vouchers and travel bookings, but they cannot be converted into direct statement credit.
Is there a fee to process my reward redemption?
No, there is absolutely no fee charged when redeeming reward points on this card. It is entirely free.
How long does it take for e-vouchers to arrive after redemption?
E-vouchers redeemed through the portal are delivered to your registered email ID and mobile number almost instantly or within a few hours.
Do I lose my points if I miss a credit card payment?
The bank suspends reward redemption privileges if your account falls into late payment status or if you miss your payment due date.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an RBL Bank Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an RBL Bank Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
N/A
For Spends Waiver
N/A
Every credit card comes with a set of spending categories that do not earn rewards or count toward mile...
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Every credit card comes with a set of spending categories that do not earn rewards or count toward mile...
Every credit card comes with a set of spending categories that do not earn rewards or count toward milestone benefits. Understanding these exclusions prevents disappointment when your statement arrives. While explicit exclusion lists are maintained by the bank, industry standards exclude specific transaction types from reward programs.
Standard exclusions include loading money into digital wallets (like Paytm or Amazon Pay), paying EMI installments, withdrawing cash from ATMs, and transferring balances. Furthermore, categories like rent payments, utility bills, and insurance premiums are either excluded or yield reduced rewards. For example, if you pay Rs. 50,000 for your child's school fees or home rent, you will not earn the standard 2,500 points expected from regular shopping. You should consult the card’s official Most Important Terms and Conditions (MITC) to confirm the specific merchant categories restricted from earning points.
View FAQ
Commonly Asked Questions
Which transactions do not earn reward points?
Transactions on fuel, rent, wallet loads, and utility payments are excluded and fail to accumulate reward points.
Do I earn rewards when I load my digital wallet?
Wallet top-up transactions are excluded from the reward points program.
Will paying rent earn me standard reward points?
Rent payments do not earn reward points and attract a 1 percent convenience fee per transaction.
Are insurance premium payments eligible for rewards?
Insurance premium payments earn reward points up to a specific monthly cap of 2,000 points.
If I convert a big purchase into an EMI, do I still get points?
Reward points are reversed once a purchase is successfully converted into an EMI plan.
Do cash withdrawals count toward my annual spending milestone?
No, withdrawing cash from an ATM is never considered an eligible spend for milestone vouchers or fee waivers.
How can I find the official list of exclusions?
Refer to the Most Important Terms and Conditions (MITC) document provided with your welcome kit for the complete and updated list of exclusions.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  1.5% Forex Markups are levied if you use your card to make payment in any currency other than INR. This fee will be levied if you shop on any ecomerce website which accepts payment in currency other than INR or if you make a payment outside of India using a POS. Below mentioned table gives forex markup for most common spends | 1.50% |
APR Fees Finance charges of 3.40% per month apply on unpaid outstanding balances until the amount is fully repaid. | 3.40% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | N/A |
Cash Payment Fees ₹100 cash payment fee per deposit | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹5,000 | ₹500 |
| ₹5,001 - ₹10,000 | ₹700 |
| ₹10,001 - ₹25,000 | ₹950 |
| ₹25,001 - ₹50,000 | ₹1,100 |
| ₹50,000 and above | ₹1,250 |
The RBL Insignia Preferred Credit Card carries a premium fee structure that aligns with its high-end be...
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The RBL Insignia Preferred Credit Card carries a premium fee structure that aligns with its high-end be...
The RBL Insignia Preferred Credit Card carries a premium fee structure that aligns with its high-end benefits. While it rewards heavy spenders through waivers and bonuses, carrying balances or making specialized transactions incurs noticeable costs. It is crucial to understand every charge associated with this card to avoid surprises on your monthly statement.
The joining fee for this card is Rs. 0. You do not have to pay an upfront cost to acquire the card, making it accessible at issuance.
The annual or renewal fee is Rs. 7,000, applicable from the second year onwards. However, the bank waives this fee entirely if you spend Rs. 10 Lakh or more in a year. For example, if you spend Rs. 85,000 every month on household and travel expenses, your yearly total reaches Rs. 10.2 Lakhs, saving you the Rs. 7,000 renewal charge completely.
The Annual Percentage Rate (APR) is charged at a monthly fee of 3.75 percent, which equals 45 percent annually. If you fail to pay your statement in full and leave a balance of Rs. 10,000, the bank will charge you Rs. 375 in interest for just that one month. This makes carrying debt on this card very expensive.
Late payment charges vary in slabs based on your outstanding amount. The fees range from Rs. 0 for balances up to Rs. 500, up to a maximum of Rs. 1,000 for balances over Rs. 50,000. For example, if you miss the due date with an outstanding balance of Rs. 3,000, you will be hit with a Rs. 500 late fee.
The foreign transaction or forex markup fee is 0 percent. If you travel to London and spend £1,000 (roughly Rs. 1,05,000), a standard card charges you an extra Rs. 3,600 in forex fees. With this card, you pay zero extra fees on that transaction.
The ATM cash withdrawal fee is 2.5 percent of the withdrawn amount, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000 cash in an emergency, the bank instantly applies a Rs. 500 fee, plus interest starts accruing from day one.
A rent payment convenience fee of 1 percent is applied to all rent transactions. If you use this card to pay your Rs. 25,000 monthly rent via a third-party app, the bank adds a Rs. 250 fee to your statement.
Railway surcharge fees apply when booking tickets. The surcharge is levied as prescribed by IRCTC or Indian Railways. For example, booking a Rs. 2,000 train ticket on the IRCTC portal incurs the standard payment gateway charge dictated by the platform.
The cash payment fee is Rs. 0. This means if you walk into an RBL Bank branch and pay your credit card bill using physical cash, you do not incur a processing fee.
The cheque payment fee is Rs. 0. No fee is charged if you choose to drop a physical cheque to clear your outstanding credit card dues.
The reward redemption fee is 0. Unlike other banks that charge Rs. 99 to process a voucher request, RBL allows you to redeem your points for free. A 10,000 point redemption yields exactly Rs. 2,500 in value without any hidden deductions.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 0 |
| Annual / Renewal Fee | Rs. 7,000 (Waived on Rs. 10 Lakh spend) |
| Interest Rate (APR) | 3.75% per month (45% annually) |
| Late Payment Fee | Rs. 0 to Rs. 1,000 depending on balance |
| Forex Markup Fee | 0% on international transactions |
| ATM Cash Withdrawal Fee | 2.5% of amount (Min Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | As prescribed by IRCTC |
| Cash Payment Fee | Rs. 0 |
| Cheque Payment Fee | Rs. 0 |
| Reward Redemption Fee | Rs. 0 |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 0. You do not pay an upfront issuance fee when you apply for the card.
What is the annual or renewal fee?
The annual renewal fee is Rs. 7,000 plus taxes, applicable from the second year onwards.
Is there an annual fee waiver based on spending?
Yes, the Rs. 7,000 annual fee is waived entirely if you spend Rs. 10 Lakh or more in a membership year.
How can I get this card lifetime free?
The card is available as a lifetime free product only under specific corporate tie-ups or promotional offers; otherwise, the standard Rs. 7,000 fee applies.
What is the interest rate if I don't pay my full balance?
The bank charges an interest rate of 3.75 percent per month, which translates to 45 percent annually on outstanding balances.
How is the interest calculated on outstanding balances?
If you fail to pay your statement balance by the due date, interest begins accumulating daily on your balance, and the interest-free grace period is revoked for future purchases.
What are the late payment charges?
Late payment fees range in slabs: Rs. 0 for balances up to Rs. 500, up to a maximum of Rs. 1,000 for balances exceeding Rs. 50,000.
What is the forex markup for international transactions?
This card charges a 0 percent forex markup on all international transactions, making it free to spend in foreign currencies.
Can I withdraw cash using my credit card?
Yes, but you will be charged a steep cash advance fee of 2.5 percent of the withdrawn amount, subject to a minimum of Rs. 500.
Are there fees for paying rent with this card?
Yes, paying rent via credit card incurs a 1 percent convenience fee on the transaction amount.
Is there a fee to redeem my reward points?
No, redeeming your reward points via the official portal is completely free of charge.
Is there a fee for paying my bill in cash?
The cash payment fee is Rs. 0, meaning you can pay your bill at a branch with cash without an extra charge.
What are the charges for cheque payment of bills?
There is no fee charged for clearing your credit card dues via a cheque payment.
Are there charges for railway ticket bookings?
Yes, standard surcharges apply when booking or cancelling railway tickets as prescribed by IRCTC and Indian Railways.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
Is a PAN card mandatory to apply?
Yes, a valid PAN card is strictly required by the RBI for processing any credit card application in India.
Can I use my Aadhaar card for both ID and address proof?
Yes, an Aadhaar card serves as valid proof for both your identity and your current residential address.
What income documents do salaried individuals need?
Salaried applicants must submit their last two months' salary slips and a 3-month bank statement showing the salary credit.
What income proof is required for self-employed applicants?
Self-employed individuals must provide their most recent Income Tax Return (ITR) along with computation of income.
Do I need physical copies if I opt for Video KYC?
During Video KYC, you only need to show your original physical PAN card and Aadhaar card to the camera. You do not need to hand over photocopies.
Can I submit a rental agreement as address proof?
RBL Bank accepts registered rental agreements accompanied by a utility bill as valid address proof if the Aadhaar address is not updated.
Who Should Get This Card?
The Globetrotter: If you travel internationally for business or leisure multiple times a year, this card is built for you. The 0 percent forex markup eliminates the usual 2-3.5 percent penalty banks charge on foreign transactions. Add in the 6 international lounge visits and 10 reward points per Rs. 100 spent abroad, and your travels become significantly cheaper and more comfortable.
The High-Spending Professional: If your annual card spends easily cross Rs. 10 Lakhs, this card fits perfectly into your wallet. By hitting that milestone, you waive the Rs. 7,000 annual fee and also secure the Rs. 8,000 milestone voucher at the Rs. 8 Lakh mark, creating a scenario where the card pays you to use it.
Who Should NOT Get This Card: If your monthly income is below Rs. 25,000, you do not meet the eligibility criteria. Furthermore, if you rarely travel abroad, rarely visit movie theaters, and struggle to spend Rs. 10 Lakhs a year, the Rs. 7,000 annual fee outweighs the benefits. You are better served by an entry-level cashback card.
Credit Limit and What to Expect
Since the RBL Insignia Preferred is a premium card demanding an income of at least Rs. 3 Lakhs and a strong credit score, the credit limits assigned are generous. Your exact credit limit is determined dynamically by the bank's underwriting team based on your income, existing debt obligations, and repayment history. High-earning professionals with flawless credit can expect a limit that comfortably accommodates international travel bookings and large lifestyle purchases.
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Commonly Asked Questions
What is the minimum credit limit I can expect?
You can expect a starting credit limit of at least Rs. 2,00,000 as this is a premium tier product.
Can I request a higher limit immediately after approval?
No, banks require you to use the card responsibly for at least 6 months before entertaining requests for a credit limit enhancement.
How can I increase my credit limit in the future?
You can submit updated income documents, like a new salary slip or ITR, to the bank to request an increase, or wait for the bank to offer an automated upgrade.
Does a high credit limit impact my credit score?
Yes, having a high credit limit improves your credit utilization ratio, which positively impacts your overall credit score if your spending remains controlled.
Will the bank reduce my credit limit if I don't use the card?
The bank periodicially reviews inactive accounts and adjusts limits to manage risk, though this is not standard for active cardholders.
Can I set my own transaction limits?
Yes, through the bank's mobile app, you can easily set daily or per-transaction limits for domestic, international, and online spends to enhance security.
How to Apply?
Acquiring the RBL Insignia Preferred Credit Card is a streamlined process that you can initiate entirely online. Start by navigating to the official RBL Bank website or a verified partner platform. Locate the credit cards section, select this specific card, and click on the application button. You will be prompted to fill out a secure form with your basic personal, professional, and financial details, including your PAN and monthly income.
Once you submit the initial form, the bank performs a quick soft credit check. If you meet the preliminary criteria, you will move to the Video KYC (Know Your Customer) stage. Video KYC is a fast, digital verification process where a bank executive confirms your identity via a live video call. Ensure you have your original PAN card and Aadhaar card handy, and sit in a well-lit room with a strong internet connection. Upon successful Video KYC and final application review, the card is approved and dispatched to your registered address.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply directly online through the official RBL Bank website or via authorized financial comparison platforms.
What is Video KYC and is it mandatory?
Video KYC is a digital identity verification process done over a live video call. It is the fastest and highly recommended way to complete your application.
What do I need for a successful Video KYC call?
You must have your original physical PAN card, your Aadhaar number, a blank piece of paper with a pen for a live signature, and a stable internet connection.
Can I track my application status online?
Yes, you will receive an Application Reference Number via SMS, which you can use on the bank's tracking portal to check your status.
How long does it take to receive the card after applying?
Once your Video KYC is successful and the application is approved, the physical card reaches your address within 7 to 10 working days.
Can I apply offline at a bank branch?
Yes, you can visit any RBL Bank branch with your physical documents to apply for the card in person.
What happens if my Video KYC fails?
If your Video KYC disconnects or fails due to technical issues, you will be given an option to retry or a bank representative will visit your address for physical verification.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹800 Rewards
Top Benefits
Earn 10 Reward Points
on every ₹100 spent on international transactions
Unlock a ₹8,000 Milestone Voucher
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